Question EFC & 2 kids
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Question EFC & 2 kids

 
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Scott
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Posted: Sun Apr 03, 2005 8:51 am    Post subject: Question EFC & 2 kids Reply with quote

I've filled out the FAFSA for my 2 kids for college. The EFC shows at
about $10,000 on each of my kids FAFSA's. My question is this: Does
that $10,000 mean that for the family, I pay a total of $10,000 (5000
per kid), or $10,000 each for a total of $20,000?


Thanks,

Scott

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Steve Blank
Guest





Posted: Sun Apr 03, 2005 9:38 am    Post subject: Re: Question EFC & 2 kids Reply with quote

A student's EFC is always specific to that student.

When there is more than one student, the EFC from parent income/assets
is split among them. So in your case if there were only one student the
EFC would have been about $20,000 for that student.


Steven B. Blank
College Financial Aid Consultants
29 Ives Hill Court
Cheshire, CT 06410
(203)250-7761


Scott wrote:
Quote:
I've filled out the FAFSA for my 2 kids for college. The EFC shows at
about $10,000 on each of my kids FAFSA's. My question is this: Does
that $10,000 mean that for the family, I pay a total of $10,000 (5000
per kid), or $10,000 each for a total of $20,000?


Thanks,

Scott
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Scott
Guest





Posted: Sun Apr 03, 2005 9:44 am    Post subject: Re: Question EFC & 2 kids Reply with quote

Thank you Steve. No need to reply if I've got this right... If I
understand you correctly, for my situation, my EFC is 20,000.
Therefore, 10,000 per child, as the FAFSA reports on each one... Thank
you for your quick answer.

Sincerely,

Scott

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